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Credit Analysis & Research Ltd IPO (CARE IPO) Detail

December 7, 2012 - December 11, 2012

CARE IPO is a book built issue of Rs 539.98 crores.

CARE IPO bidding started from December 7, 2012 and ended on December 11, 2012. The shares got listed on BSE, NSE on December 26, 2012.

CARE IPO price band is set at ₹700 to ₹750 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹15,000.

Bofa Securities India Limited, Edelweiss Financial Services Ltd, ICICI Securities Limited, Idbi Capital Market Services Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the CARE IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to CARE IPO RHP for detailed information.

CARE IPO Details

IPO Date December 7, 2012 to December 11, 2012
Listing Date December 26, 2012
Face Value ₹10 per share
Price Band ₹700 to ₹750 per share
Lot Size 20 Shares
Total Issue Size7,199,700 shares
(aggregating up to ₹539.98 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

CARE IPO Reservation

CARE IPO offers 6,119,746 shares. 2,519,896 (41.18%) to QIB, 1,079,955 (17.65%) to NII, 2,519,895 (41.18%) to RII. 125,994 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 280 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,519,896 (41.18%)NA
NII (HNI) Shares Offered1,079,955 (17.65%)
Retail Shares Offered2,519,895 (41.18%)125,994
Total Shares Offered6,119,746 (100%)

CARE IPO Lot Size

Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 20 ₹15,000
Retail (Max) 13 260 ₹195,000
Lot Size Calculator

About Credit Analysis & Research Ltd

Incorporated in 1993, Credit Analysis & Research Ltd (CARE) is the second largest full-service credit rating company in India. CARE offers rating and grading services across a diverse range of instruments and industries including IPO grading, equity grading, and grading of various types of enterprises, including shipyards, maritime training institutes, construction companies and rating of real estate projects, among others. They also provide general and customized industry research reports.

CARE's existing shareholders include domestic banks and financial institutions, such as IDBI Bank, Canara Bank, SBI and IL&FS etc. Company's list of clients includes banks and other financial institutions, private sector companies, central public sector undertakings, sub-sovereign entities, small and medium enterprises and micro-finance institutions.

They are the leading credit rating agency in India for IPO grading having graded the largest number of IPOs since the introduction of IPO grading in India. CARE Ratings has completed over 19069 rating assignments having aggregate value of about Rs. 44051 bn (as of September 30, 2012), since its inception in April 1993.

Company Financials

ParticularsFor the year/period ended (in Rs. Million)
31-Dec-1231-Mar-1131-Mar-1031-Mar-0931-Mar-08
Total Income2,171.931,722.551,520.26999.31549.11
Profit After Tax (PAT)1,157.02879.49856.90523.99266.85

Objects of the Issue (CARE IPO Objectives)

The objects of the issue are to:

1. Carry out sale of 7,199,700 Equity Shares by the Selling Shareholders; and
2. To achieve the benefits of lisitng the Equity Shares on the Stock Exchanges.

CARE IPO Review (Apply)

[Dilip Davda]  

 On CARE's performance front, the company has posted average EPS of Rs. 35.54 for last three fiscals and Rs. 17.53 for first half of current fiscal. Its NAV as on 30.09.12 is Rs. 149.41. Thus the asking price is at a P/E of 20 plus and at a P/BV of around 4.7 that compares well with listed peers. Listed peers are performing well and has rewarded investors post IPOs. Issue is worth considering for investment.

Read detail review...


CARE IPO Subscription Status (Bidding Detail)

The CARE IPO is subscribed 40.98 times on December 11, 2012 11:00:00 PM. The public issue subscribed 6.18 times in the retail category, 45.80 times in the QIB category, and 110.96 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB45.80
NII110.96
Retail6.18
Total40.98

(Credit Analysis & Research Ltd) CARE IPO Grading

CARE, being a credit rating company in India, is exempted by SEBI from obtaining the IPO grading for its Initial Public Offer. None of the rating companies including CRISIL, FITCH or ICRA graded CARE IPO.

CARE IPO Prospectus

CARE IPO Rating

292
3.9
Rating:Rated 3.9 stars
Vote Here ...

CARE IPO Listing Details

Listing Date December 26, 2012
BSE Script Code 534804
NSE Symbol CARERATING
ISIN INE752H01013
Final Issue Price ₹750 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹750.00
₹949.00
₹896.20
₹986.20
₹923.95
NSE
₹750.00
₹940.00
₹895.00
₹985.00
₹922.55

Check IPO Performance…

Credit Analysis & Research Ltd Contact Details

Credit Analysis & Research Ltd
4th Floor, Godrej Coliseum,
Somaiya Hospital Road, Off Eastern Exp Highway,
Sion (East), Mumbai 400 022
Phone: (91 22) 6754 3456
Email: investor.relations@careratings.com
Website: http://www.careratings.com

CARE IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: care.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

CARE IPO FAQs

CARE IPO is a main-board IPO of 7,199,700 equity shares of the face value of ₹10 aggregating up to ₹539.98 Crores. The issue is priced at ₹700 to ₹750 per share. The minimum order quantity is 20 Shares.

The IPO opens on December 7, 2012, and closes on December 11, 2012.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The CARE IPO opens on December 7, 2012 and closes on December 11, 2012.

CARE IPO lot size is 20 Shares, and the minimum amount required is ₹15,000.

You can apply in CARE IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for CARE IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the CARE IPO allotment status.

The CARE IPO listing date is on December 26, 2012.
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CARE IPO Message Board

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392 Comments

293. THINK SMARTLY |   Link |  Bookmark |January 24, 2013 8:57:11 AM
V Mart Retail IPO Opens on 1st February & Closes on 5th February
Price Band Rs. 195 to 215
292. Athar |   Link |  Bookmark |January 24, 2013 7:33:25 AM (200+ Posts)
Dear Shreedhar Sir,Wishing You A Many More Happy Returns Of The Day(23-01-2013) Sir
291. kisor Jha |   Link |  Bookmark |January 24, 2013 7:25:05 AM
Hi Sreedhar,

Many-Many Happy Returns of the day (23rd Jan). May God bless you and your family.

regds,
ajay
290. Rajkot Special |   Link |  Bookmark |January 18, 2013 9:29:57 AM
Credit Analysis & Research Ltd Will Held Board Meeting And Declare
Q-3 Of 31/12/2012 Result On 28/01/2013 As Per BSE Website.
http://www.bseindia.com/corporates/ScripWiseCorpAction.aspx?scrip_cd=534804
289. Rajkot Special |   Link |  Bookmark |January 18, 2013 9:26:12 AM
Credit Analysis & Research Ltd Will Held Board Meeting And Declare Q-3 Of 31/12/2012 Result On 28/01/2013 As Per BSE Website.
288. Rajkot Special |   Link |  Bookmark |January 6, 2013 11:27:10 AM
P C Jewellers IPO get a smart return during a week.
But smart Ipo Care Rating not interested in a week.
Bharti Infratel IPO doing recovered from loss in a week.
Expert say that arket is going high bottom and overbought position
If market will correct from this level.
I get 20 share of Care Rating IPO @750/-
What can i do?
Hold/Sold/Buy at this level?
287. SOMPRASH |   Link |  Bookmark |January 3, 2013 7:12:21 PM
Please hold for really long term to gain handsome profit.
286. Rajkot Special |   Link |  Bookmark |January 3, 2013 1:56:59 PM
Any Investor Suggest Me For Care Ipo Hold/Buy/Sell of Ipo Price 750 and today is 950/-?
285. live lovelaugh |   Link |  Bookmark |December 30, 2012 9:21:59 AM
AXIS BANK LTD(escrow bankers)and ANGEL BROKING LTD have shockingly credited my amount to somebody else application of CARE ipo ,whose cheuqe bounced and this person got allotment on bounced cheuqe .very shameful ,poor staff AXIS BANK and angel broking ltd have.
284. S.kumars |   Link |  Bookmark |December 29, 2012 6:33:03 PM
i dont have remember his name who advised in this forum for apply minimum lot for care since rules change,but latter he changed on others coment but i bid to minimum lot,and get alloted,other who prevent me and advised for maximum lot unable to get allotment.i thanks to him.
283. ARCHIT SHAH |   Link |  Bookmark |December 29, 2012 6:22:37 PM
dear all,

Sebi had taken good steps.

first price discovery in first hour and 20% circuit limit.
second share allotment method.

Now these steps increas the faith in primary market.

282. TEJENDRA SINGH SHEKHAWAT |   Link |  Bookmark |December 29, 2012 4:56:44 PM
SELVA RAJ,
MANY THANKS,I HAD APPLIED FOR 1 LOT IN THREE DMAT A/C ASPER SREEDHAR ADVICE THROUGH YOU IN CARE& PC.I DIDNOT GET ANY ALLOTMENT IN CARE BUT GOT ALLOTED IN PC IN ALL THREE AND SOLD AT 143.00 ON LISTING.PLZ CONVEY MY REGARDS TO SREEDHER & THANKS TO YOU.
FROM TS
281. Mahadevan Krishnamoorthy |   Link |  Bookmark |December 29, 2012 9:52:14 AM
By changing the rules SEBI has made uncertain the allotment of shares
to us.Whether you apply for one lot or full we are not sure of getting shares.Allotment by lottery only.They must see that each invester gets
some shares.I applied for 140 shares for CARE but I didnot get anything
I thing this is the case for many..
280. Ipo tracker |   Link |  Bookmark |December 26, 2012 8:23:29 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
With many learning about ridiculous new method, nobody will be foolish to apply for more than one lot as a result even good & big size issue''s retail portion will find it difficult to get fully subscribed. If quality co. like care had only around 3.18 retail applicants, max. any issue can have is 4 to 5 lacs retail applicants, average lot size being rs15000, co.''s wont raise more than 750 cr. Advantage hni''s & qib''s as spillover will go to them. Let sebi learn a lesson at tgat time
280.1. gemipofinder |   Link |  Bookmark |December 27, 2012 8:52:41 AM
THERE WILL BE NO SPILL-OVER,

becain any issue it is impossible that all retailers applied for min lot size, there will be always some SMART or FOOL investor who will apply for more than min lot and will gain if something left after alloting min lot to every applicant.
279. AYUSH AGGARWAL |   Link |  Bookmark |December 26, 2012 7:56:15 PM
THANX ARTI BUT SIGNING AGREEMENT DOES NOT MEAN THAT KOTAK SECURITIES CAN LOOT THEIR CLIENTS
278. anshul k |   Link |  Bookmark |December 26, 2012 7:35:46 PM
HURRAY!!!!

SEBI new method of allotment is rocking. I applied from 6 applications of 2 lots and received 4 lots. I sold at avg price of 915 approx.
New method is really good, if it was old method than on full application I got the one lot only as it was with MCX.
278.1. anshul k |   Link |  Bookmark |December 26, 2012 7:39:36 PM
Hey wait, but I am also sad with the people who applied with full application and didn''t receive any lot. Yes it seems there need some improvement in this method. I also don''t want to play the "Jua" with every IPO. If SEBI make enhancement that every investor (lucky and unlucky both) got some share that will be good one. I don''t think I will be that much lucky next time.
277. Manoj sampat |   Link |  Bookmark |December 26, 2012 7:26:51 PM
I DONT KNOW WHETHER MY SHARE IS SOLD OR NOT BY KOTAK ALREADY COMLAIN SEBI
277.1. AYUSH AGGARWAL |   Link |  Bookmark |December 26, 2012 7:57:52 PM
CAN YOU SEND ME THE APPLICATION U HAVE SEND TO SEBI AND E-MAIL ID
my id is getayush@gmai.com
276. live lovelaugh |   Link |  Bookmark |December 26, 2012 6:43:36 PM
my application no 13065587 submitted at ANGEL BROKING LTD on 11/12/12 with cheque passed on 13/12/12 is still not traceable. karvy is giving vague answers like cheque bounced ,signature mismatch etc.neither refund nor allotment till date.scanned copies of bank statement etc sent today to care,karvy,nse,bse.
275. Arti |   Link |  Bookmark |December 26, 2012 4:59:59 PM
Dear AYUSH Aggarwal,
Do not waste your time to complain any body. you will be allowed to sell the shares tomorrow. It is setting between company, some brokers, other authorities. Legally you have accepted the terms and conditions, which states that KOTAK sec is not responsible for any loss you incured in dealing with stock market due to any technical problem with kotak securitis terminal. This is very normal with ICICI direct and other. Next time make sure you have plan B ready.

arti
274. Chem cho |   Link |  Bookmark |December 26, 2012 11:24:52 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
KOTAK SECURITIES PROBLEM PHONE THEIR CUSTOMER CARE CENTER TODAY TO SELL AND THEN WRITE TO SEBI IF MATTER IS NOT RESOLVED